TRANSACTION: FOB (DIP & PAY) DISCOUNT: PLATTS MINUS $110 FOB DIP & PAY TRANSACTION PROCEDURES: (TANK TO TANK / TANK TO VESSEL) 1. K & R International Trading Company (K&R), or one of its agents, sends Commercial Term Sheet (CTS) to the Buyer for buyer’s review. Buyer signs the CTS, as confirmation for acceptance of […]
TRANSACTION: FOB (TTV) PRICE: $96/4 ($94 NET) PROCEDURE FOB(TTV) 1. Buyer submits ICPO, (CPA) on receipt of Seller Soft Corporate offer. 2. Seller releases Commercial Invoice (CI), buyer signs and return back to seller along with NCNDA/IMFPA. 3. Seller company issues the following PPOP documents to the Buyer, • Product Passport • Authorization To Verify […]
TRANSACTION: TTO INSTRUMENT: BEC (200 MILLION NAIRA) PRICE: N700/2 PROCEDURE FOR TTO 1.Seller issues Sales&purchase agreement, Buyer sign and return with ATB format. Note: Prospective buyer takes care of the logistics (flight booking for two company staffs) and hotel expenses of meeting seller’s team face to face B) LOME TRANSACTION: Seller issues cargo documents and […]